[Code of Federal Regulations]

[Title 20, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 20CFR243.5]



[Page 500]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 243_TRANSFER, ASSIGNMENT, OR WAIVER OF PAYMENTS--Table of Contents

 

Sec.  243.5  Assignment of a portion of an annuity paid under the social 

security overall minimum provision.



    Section 3(f)(3) of the Railroad Retirement Act, the social security 

overall minimum provision, guarantees that an annuitant will receive, in 

combined benefits under the Railroad Retirement and Social Security 

Acts, not less than the amount which would have been paid to the 

employee and to members of his or her family under the Social Security 

Act if the employee's railroad service had been creditable under that 

Act. An annuitant whose annuity is computed under that provision may 

assign all or any portion of that annuity to any of the members of his 

or her family who are or who could be included in the computation of the 

annuity. Any assignment issued pursuant to this section will terminate:

    (a) When revoked by the annuitant by notification to the Board; or

    (b) When the annuity is no longer computed under the social security 

overall minimum provision.